Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1887-01-05

coming upon the surface In relation to the sur
plus which the United States can send to
them. After reviewing the situation respect
ing the reduced supplies to be obtained from
other countries than the United States, the
London Miller of December 18th. says:
"Erom no quarter in sight is there any
promise whatever that wheat supplies for the
certain requirements. Some further d1mfnu-
ton of granary stocks is probability gene
rally acknowledged. The Quantity aHoat.
quantity due to arrive year ago, is now less
in comparison, and whilst Indian shippers are
aaied Russian a ps M
America has Its stock, ana Will know now 10
whip it up.'
This concession from that source Is worthy
of the most careful attention. The closing re-
mark, America has its stock, and will know
how to whip 1t up,' directly touches the point
we have been driving at. We must bear in
mind that the knowledge of knowing how to
whip it up" as it is applied, is after the pro-
duct of the farmers labor has passed from his
hands. He cad, however. be In at that time, II
he chooses.
A writer in the N~ew York Commercial Butte-
tin seems to think tt at already half the visible
supply for export from this country is in the
hands of dealers. 224S6, 900 bushels are now on
passage to Great Britain and the Continent,
and of this amount, except ZOO, 600 from INDIA,
and 100000 from other countries, the whole of
it is from the United States. Tue prices which
the farmers received for this wheat were not
of the kind which will come under the desig-
nation of whipping up.'' AS an indication
how rapidly the American surplus is going
abroad, attention is directed to the following
extract from the authority last quoted -
For January, the clearapces of wheat
bought in November are therefore probably
going to be very heavy. and should eont1n ne
tonnage offered up to the middle of March has
been taken to arrive against wheat sold for
consumption, running through the next four
months, on the other side, for which the OPP
tions have been bought here or in the West to
a greater amount than the entire stock at the
seaboard. This Will necessitate large move
N ent by rail from the West before the opening
of navigation next spring to fill these enor-
nous sales made e shippers Of options that
fore, to see what will be done by the bears who
have been selling short wheat to the exporters
for shipment instead Of to settle their differ
ences. The clearances after the New Year may
be large enough to suit the most veracious
bear. and bull. too. The fact Is that all the
freight room that could be had at steadily and
rapidly advancing rates has been taken for
wheat for three months or more past, and that
all the wheat has been shipped just as fast as
1t could be that has been bought for export and
resod on the other side. This is the situation
in wheat
The shippers probably now own not only all
the actual wheat on the seaboard, but have
fought options and sold them On the other
side and taken freight for them for four months
ane ad ending with next May, for all the wheat
that can be brought to the seaboard during
that period This short wheat must be brought
forward, for it has not been bought by the
original purchasers on the other side on specu-
latlon, BAIT to supply actual consumption.
Coupling the foregoing facts touching the
supply With the demand, it is apparent, not
wiLhstanaing the rapidity with which supplies
are going forward, all we have for export will
not be sufficient to meet the demand, because
there is only about one-third of the amount on
hand in Great Britain now as compared with
the amou ut one year ago. Then it was equal
TO q 900 600 bushels of wheat, whilst at this
time it is only 100000.
lYaiIreaa Progress.
The Chicago Ra&lscay Age reports that during
the past year s. DIG miles of new main line rail-
way track have been built in the United States.
Kansas leads the country with the surprising
amount OF $50 miles, the greater part laid
within the last six monasss. Assuming the
average cost throughout the country to have
been but $50 1000 per mile, the expenditure for
roadway alone was S160, 100000 Present indica-
lions are that the year 1887 will show even
greater activity.
Weather and Crops in she West and
Northwest.
The Chicago correspon dent of the NeaU YosSe
Journal of Commerce writing December %,
says
my dispatch OF December %, Thursday
night left the Northwest with the expectancy
OF a cold wave and snow storm; both came,
the former the most severe. We close the year
with continuance of the very Singular, to
say the least, condition of the elem entS 1t
does seem an almost impossibilitF from the
Pacific to the lakes for rain TO tall or snow in
sufficient quantity to thoroughly ynoisten the
ground l had advices on Saturday of rain in
Tennessee and Kentucky, but the rain as it
travelled north and met the cold wave coming
south changed into snow, but even that COW
cred the ground only to the depth of a few
inches, and the prospects to day that this
snow will soon pass away. A correspondent
from eastern Kansas gives the Situation in
that part of the State about follows< "We
have had a terribly dry fall and winter so far.
Farmers living away from streams and Ga the
high prairie lands are finding it almost an MT
ter impossibility TO get water for stock. 1aey
are forced TO drive their cattle from two to Sax
miles, as we have not had good rain since
June last. Western Missouri is in about the
same condition. Hay is worth here now $40 a.
ton. The snow " i'll form a great element this
winter as to the final outcome of the winter
wheat crop in the State. Our wheat did not
get, owing TO the conditions I have stated, a
up to the present time has been very much
against the crop.
Progress In the South.
The Baltimore Manufacturers Record has q
lengthy review Of the industrial progress in
the South for the past year. Following is the
summary of investments in which are not in
cluded, many of the smaller new and the en-.
largement of established plants =